Venezuela Has But One Choice: Capitalism or Chaos
"Coffee and milk became luxuries years ago, but the scary scarcity — of things like bread — have hit my middle-class home."
"Coffee and milk became luxuries years ago, but the scary scarcity — of things like bread — have hit my middle-class home."
The view seems to be that if a higher minimum wage is mandated that employers will continue to make all of the same hiring decisions. Not true.
Labor productivity in the US is experiencing the worst trend seen since the late 1970s.
Rothbard saw the State as a gang of robbers. It by no means followed from this, though, that he was uninterested in politics.
Coca-Cola still uses components of the cocaine-producing coca leaf in its production today in a partnership with big pharma and government cronies.
In response to a weak job market, young workers appear to be entering the ranks of the underemployed and the unemployed.
If we drive factories in developing countries out of business because they're "sweatshops," we condemn the workers to even greater poverty.
The Olympics is one big party for politically-connected millionaires and other "elites" at the expense of ordinary taxpayers.
In today's slow growth economy, business decision makers are understandably cautious because historically monetary tightening has been a fatal blow.
The message of liberalism is simple: violent exploitation through politics creates class conflict. Peaceful cooperation through markets does not.